Showing 1 - 10 of 123
We examine speculative attacks in a controlled laboratory environment featuring continuous time, size asymmetries, and varying amounts of public information. Attacks succeeded in 233 of 344 possible cases. When speculators have symmetric size and access to information: (a) weaker fundamentals...
Persistent link: https://www.econbiz.de/10010264454
crisis countries (Greece, Portugal, Ireland, Cyprus, Spain) based on over 200 past macroeconomic adjustment episodes between … 1960-2010 worldwide. At its trough, between 2010 and 2015 per capita GDP had contracted on average 11 percentage points …
Persistent link: https://www.econbiz.de/10012866042
This paper examines mean and volatility spillovers between three major cryptocurrencies (Bitcoin, Litecoin and Ethereum) and the role played by cyber attacks. Specifically, trivariate GARCH-BEKK models are estimated which include suitably defined dummies corresponding to different types, targets...
Persistent link: https://www.econbiz.de/10012832186
Against the backdrop of the Greek three-act tragedy, we present a theoretical framework for studying Greece’s recent … debt and currency crisis. The model is built on two essential blocks: first, erratic macroeconomic policymaking in Greece … macroeconomic policies in Greece are considered. The model’s mechanism and assumptions allow either for a Grexit from the euro area …
Persistent link: https://www.econbiz.de/10011431212
and current account deficits, which have in turn driven Greece's foreign indebtedness to alarming levels, necessitating …
Persistent link: https://www.econbiz.de/10010270514
This paper examines the long run education and labor market effects from early-life exposure to the Greek 1941-42 famine. Given the short duration of the famine, we can separately identify the famine effects for cohorts exposed in utero, during infancy and at one year of age. We find that...
Persistent link: https://www.econbiz.de/10010270545
turn looks for engines of sustained growth. We use a micro-founded macroeconomic model calibrated to Greece. Our … Greece had simply remained at its pre-crisis level. On the other hand, we show that, in the absence of the official fiscal …
Persistent link: https://www.econbiz.de/10012837680
We asked economic experts polled by the CESifo World Economic Survey how to handle the fiscal crisis in Greece in the …-level characteristics, especially credit default swaps as a measure of fiscal stability, predict views on whether Greece should exit the …
Persistent link: https://www.econbiz.de/10012864937
-random variation from the teacher assignment process in Greece. We find significant losses to output, as a one-year increase in time …
Persistent link: https://www.econbiz.de/10013315202
- a 10 percent mandatory top-up in the Minimum Wage (MW) for married individuals - in Greece in November 2012. Using data …
Persistent link: https://www.econbiz.de/10013315248